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Breaking News
Jan 26, 2023
  • U.S. new home sales in December rose for the third month in a row to 616,000 annual pace but plunged 26.6% in 2022 to 644,000, the lowest level in four years.
    • UK car production fell 9.8% in 2022 to 775,014 units with 78% production exported. Domestic demand rose 9.4% to 168,176 and exports fell 14% to 606,838 units. EV and hybrids account for 30% of total.
      • SAP said revenue in the December quarter increased 6% to €8.4 billion and net income plunged 77% to €332 million and diluted earnings per share dropped 66% to 47 cents from €1.23 a year ago.
        • Sherwin Williams said revenue in the December quarter increased 9.8% to $5.2 billion and net income increased 10% to $386 million and diluted EPS rose to $1.48 from $1.15 a year ago.
          • T. Rowe Price Group said the December quarter revenue dropped 22% to $1.5 billion and net income plunged 64% to $266 million and diluted earnings per share fell to $1.16 from $3.18 a year ago.
            • Valero Energy said revenue in the December quarter rose 16.2%to $41.7 billion and net income increased three-fold to $3.2 billion and diluted earnings per share soared to $8.15 from $2.47 a year ago.
              • Mastercard Intl said fourth quarter revenue increased 12% to $5.8 billion and net income rose 6% to $2.5 billion and diluted earnings per share increased to $2.62 from $2.41 a year ago.
                • Visa Inc said revenue in the December quarter increased 12% to $7.9 billion and net income rose 6% to $4.2 billion and diluted earnings per share jumped to $1.99 from $1.84 a year ago.
                  • Visa Inc said in the December quarter payment volumes rose 7%, number of transactions processed increased 10% and cross border volume advanced 22%.
                    • Mastercard said in local currencies cross border volume soared 31% and gross dollar volume increased 8% and repurchased 7.4 million shares at a cost of $2.4 billion and paid $473 million in dividends.